Biden warns of oligarchy and calls for reforms in farewell address

In his farewell address, President Joe Biden expressed concerns about a growing "oligarchy" in America, warning of the dangers posed by concentrated wealth and power. He highlighted issues like climate change and misinformation as threats to democracy. Biden briefly noted his administration's achievements, including job creation and reduced violent crime, but emphasized the need for reforms in Congress and the Supreme Court. He called for term limits and restrictions on stock trading for lawmakers. The president concluded by urging Americans to remain engaged in democracy, stressing the importance of unity and fairness. He reiterated his belief in the nation's ideals and encouraged citizens to protect them.